All Forum Posts by: Philip Gumpl

It's in Diamond Ohio. I found it on the MLS.

Thank you! I appreciate it.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Diamond.

Purchase price: $177,500
Cash invested: $27,500
Sale price: $150,000

A duplex that is making me money

What made you interested in investing in this type of deal?

Biggerpockets and conversations with friends

How did you find this deal and how did you negotiate it?

Real estate agent

How did you add value to the deal?

New carpets, new toilets

What was the outcome?

Currently house-hacking

Lessons learned? Challenges?

I need more options to find better deals

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Diamond.

Purchase price: $177,500
Cash invested: $27,500
Sale price: $150,000

Duplex

What made you interested in investing in this type of deal?

Biggerpockets and conversations with friends

How did you find this deal and how did you negotiate it?

Real estate agent

How did you add value to the deal?

New carpets, new toilets

What was the outcome?

Currently house-hacking

Lessons learned? Challenges?

I need more options to find better deals

Thanks so much. I will look at that more with this line of thinking. It does seem like a good return on investment for me. Thank you so much for all the advice. 

Hi everyone,

I just had a question about buying a place to House Hack for my first property, specifically a duplex. The goal is to have move into one apartment and the rent collected from the other apartment pays for the mortgage and maybe even gives some cash flow. So far, none of the properties I've looked at really come close to that. Is that something I should be adamant about? The property I'm looking at now, I would end up paying about 500 a month myself, but when I move out eventually I would be gaining about 200 in cash flow. Is this normal?

Thank you!

Thanks so much it's great to meet you all. I'm excited to get into it. I will look at those links, thanks so much for all the advice and welcomes all of you.

Hello everyone, 

I'm just starting my journey looking to get into rental properties. I have cash from our company being sold and ESOP and i'm looking to invest in the NE Ohio area, particularly looking around Canton, Akron, Stow and Cuyahoga Falls and areas around there. I have an agent and I've looked at a few places already. I've been reading and trying to learn all I can in a quick amount of time, especially need to work on how to analyze a property better. My goal is to House Hack, buy a duplex, triplex or fourplex and move into one of the apartments for a year or two before I buy another property. 

This site seems great and with a good community, so I'm happy to be here and ready to learn all I can. Thank you!